Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) Sees Significant Drop in Short Interest

Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 3,600 shares, a drop of 75.0% from the December 31st total of 14,400 shares. Based on an average daily trading volume, of 47,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BSMS. Webster Bank N. A. bought a new stake in shares of Invesco BulletShares 2028 Municipal Bond ETF in the 4th quarter valued at about $49,000. Avior Wealth Management LLC boosted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 12.7% in the third quarter. Avior Wealth Management LLC now owns 5,642 shares of the company’s stock valued at $133,000 after acquiring an additional 637 shares during the last quarter. Hills Bank & Trust Co bought a new stake in Invesco BulletShares 2028 Municipal Bond ETF in the third quarter valued at approximately $155,000. Crews Bank & Trust acquired a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter valued at approximately $199,000. Finally, YANKCOM Partnership bought a new position in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth approximately $199,000.

Invesco BulletShares 2028 Municipal Bond ETF Trading Down 0.1 %

BSMS stock traded down $0.02 during midday trading on Tuesday, reaching $23.29. 172,611 shares of the stock were exchanged, compared to its average volume of 70,465. Invesco BulletShares 2028 Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $23.75. The company has a fifty day moving average price of $23.39 and a 200 day moving average price of $23.42.

Invesco BulletShares 2028 Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 21st were paid a $0.0541 dividend. The ex-dividend date was Tuesday, January 21st. This is an increase from Invesco BulletShares 2028 Municipal Bond ETF’s previous dividend of $0.05.

About Invesco BulletShares 2028 Municipal Bond ETF

The Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature by the end of 2028. BSMS was launched on Sep 25, 2019 and is managed by Invesco.